The markets in Southeast Asia are expanding at a particularly rapid rate, especially those in Thailand and Indonesia. Overall, Engel has been able to triple its turnover in Southeast Asia in the last two years, and despite a relatively weak 2012/2013, Engel is expecting sales to increase in India too during the next few years.
Engel has been able to cope with the higher numbers of incoming orders across the world by continuously increasing its production capacity and adding to its sales structures. Altogether, the company invested more than 57 million euros in different sites in the 2012/2013 financial year. The lion's share of this money (40 million euros) remained in Austria and was used to expand the main factory in Schwertberg, enlarge and modernise its large-scale machine plant in St. Valentin, and introduce line assembly at its robot factory in Dietach.
The biggest investments outside of Austria were the massive expansion of the two production plants in Asia. The production capacity at both the large-scale machine plant in Shanghai and the plant for small and medium-sized machines in Pyeongtaek City, South Korea, was doubled, while the sales structure in China was also reinforced. Engel is the only western injection moulding machine manufacturer with two production plants in Asia, and three quarters of the company's Asian turnover now stems from local production. On 1st April 2013, Engel opened a new subsidiary in Bangkok to enable it cope with the growing demands in Southeast Asia even more efficiently than before.
Two investments in Germany are also of great strategic importance. The Hagen site, which is where Engel Automatisierungstechnik Deutschland is based, had assembly space and offices for new employees added to it at the beginning of the summer in 2012, and in the spring of 2013 a fourth German branch, Engel Deutschland Technologieforum Stuttgart, was opened.
Other branches, including locations in Turkey, Russia, and Mexico among others, were strengthened by the addition of more staff in the 2012/2013 financial year, while the number of employees in Austria was also increased. Engel currently has a global workforce of more than 4300 employees.
Since it was founded in 1945, Engel has been 100 percent family-owned and independent of external investors. This has guaranteed stability and a long-term perspective for customers, partners, and employees. With Dr Peter Neumann as CEO and Dr Stefan Engleder as CTO, there are two family members in the management team with operative responsibility. This is now the fourth generation of the family that owns the company to be involved in its running, which is excellent for coupling tradition with innovation.
Engel's record turnover in the last financial year